Barometer Capital Management Inc. increased its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO – Free Report) (TSE:IMO) by 14.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,870 shares of the energy company’s stock after buying an additional 8,470 shares during the quarter. Imperial Oil comprises 3.5% of Barometer Capital Management Inc.’s portfolio, making the stock its 7th largest holding. Barometer Capital Management Inc.’s holdings in Imperial Oil were worth $8,617,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Root Financial Partners LLC boosted its stake in Imperial Oil by 87.8% during the 4th quarter. Root Financial Partners LLC now owns 293 shares of the energy company’s stock valued at $25,000 after purchasing an additional 137 shares in the last quarter. McMillan Office Inc. purchased a new position in Imperial Oil during the 4th quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Imperial Oil by 737.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 511 shares of the energy company’s stock valued at $46,000 after buying an additional 450 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Imperial Oil by 23.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 531 shares of the energy company’s stock valued at $46,000 after buying an additional 101 shares during the period. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Imperial Oil in the 3rd quarter worth about $54,000. 20.74% of the stock is currently owned by institutional investors.
Imperial Oil Trading Up 1.2%
IMO opened at $124.22 on Wednesday. The firm has a 50-day moving average price of $121.68 and a two-hundred day moving average price of $118.44. The stock has a market capitalization of $60.07 billion, a PE ratio of 29.30 and a beta of 0.45. Imperial Oil Limited has a 1-year low of $81.71 and a 1-year high of $139.44. The company has a current ratio of 1.23, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17.
Imperial Oil Dividend Announcement
Analyst Ratings Changes
IMO has been the topic of several research analyst reports. Imperial Capital restated a “sell” rating on shares of Imperial Oil in a report on Tuesday, June 23rd. Scotiabank reissued a “sector perform” rating on shares of Imperial Oil in a research report on Friday. TD Securities reiterated a “sell” rating on shares of Imperial Oil in a research note on Wednesday, May 13th. Zacks Research upgraded shares of Imperial Oil from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Finally, Desjardins upgraded shares of Imperial Oil to a “hold” rating in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $116.00.
View Our Latest Research Report on Imperial Oil
Imperial Oil Company Profile
Imperial Oil (NYSEAMERICAN: IMO) is a Canadian integrated energy company involved in the exploration, production, refining and marketing of petroleum and petrochemical products. Headquartered in Calgary, Alberta, Imperial has operated in Canada for well over a century and is one of the country’s long-standing energy firms. The company is majority-owned by Exxon Mobil Corporation, which provides strategic and technical links to global upstream and downstream capabilities.
Imperial’s operations span upstream activities—exploration and production of crude oil, natural gas and oil-sands resources—and downstream operations including refining, manufacturing of fuels and lubricants, petrochemical products, and retail distribution.
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